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Cheerwin Group Ltd (6601) Fair Value & Analysis

Consumer Defensive · HK · Market cap HK$2.7B

CG Cheerwin Group Ltd 6601 · HK
PriceHK$2.22
Fair ValueHK$2.95
Upside+32.9%
Quality74/100
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Healthy Growth
Solidly profitable · 11.3% net margin
generates free cash flow
6.77% dividend yield
Ranks above peers (10/13)
Narrow moat 30/100
Evidence: High Range HK$2.47 – HK$3.47 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 3 days ago

Fair value updated Aug 13, 2026, revised from HK$2.97 to HK$2.95 (−0.7%) since Aug 6, 2026. Share price +5.7% over the past month.

A solid business, screening 33% undervalued on our models.

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What matters now

  • The rarer combination: high quality (74/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case (HK$2.47). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (5 years)

HK$7.04 HK$1.08 Fair Value HK$2.95 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range HK$1.08 – HK$7.04 · fair‑value band HK$2.47 – HK$3.47 · the HK$2.22 price screens below the HK$2.95 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Cheerwin Group Ltd (6601) currently trades at HK$2.22, while our model-based Fair Value estimate is HK$2.95, implying the stock looks roughly 32.9% undervalued today. The Quality Score stands at 74/100 (solid quality), in the Consumer Defensive sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Cheerwin Group Ltd generated revenue of HK$2.0B at a net margin of 11.3%. Revenue grew 13.7% year over year. It earns a return on equity of 7.2%. The balance sheet holds a net cash position of HK$1.4B. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$2.47 (bear case) to HK$3.47 (bull case); at HK$2.22, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 21% below its 52-week high and 14% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -38% fair-value upside, at 33%, 6601 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income HK$1.85 HK$1.96 HK$2.10 76
Growth DCF HK$4.14 HK$5.59 HK$7.60 72
Gordon GGM HK$1.03 HK$2.05 HK$3.11 70
All 26 models by family
DCF Models
FCF DCF HK$4.10 HK$5.77 HK$8.24 38
Owner Earnings HK$3.20 HK$4.36 HK$6.10 31
5Y Revenue Exit HK$2.70 HK$3.32 HK$4.07 39
5Y EBITDA Exit HK$2.88 HK$3.65 HK$4.53 41
5Y P/E Exit HK$3.67 HK$5.15 HK$6.71 38
10Y Revenue Exit HK$3.17 HK$3.86 HK$4.72 36
10Y EBITDA Exit HK$3.30 HK$4.08 HK$5.06 37
10Y P/E Exit HK$3.80 HK$5.11 HK$6.71 35
Earnings-Based
Graham-Dodd HK$1.14 HK$3.74 HK$5.00 54
Lynch FV HK$0.8400 HK$1.20 HK$1.56 50
PEG = 1.0 HK$0.8400 HK$1.20 HK$1.56 46
EPV HK$1.61 HK$1.69 HK$1.76 59
Dividend Discount
Gordon GGM HK$1.03 HK$2.05 HK$3.11 70
DDM Multi-Stage HK$1.03 HK$1.71 HK$2.16 61
Multiples
P/E Multiple HK$2.64 HK$3.52 HK$4.40 63
P/S Multiple HK$1.79 HK$2.39 HK$2.98 58
P/B Multiple HK$2.14 HK$2.85 HK$3.56 55
EV/EBIT HK$2.31 HK$2.72 HK$3.14 53
EV/EBITDA HK$2.33 HK$2.74 HK$3.16 54
EV/Revenue HK$1.96 HK$2.34 HK$2.71 43
Asset-Based
NCAV (Graham) HK$1.13 HK$1.52 HK$2.27 50
Growth DCF
Growth DCF HK$4.14 HK$5.59 HK$7.60 72
Rev-Margin DCF HK$2.70 HK$3.36 HK$4.15 67
Economic Profit
Residual Income HK$1.85 HK$1.96 HK$2.10 76
ROIC Compounder HK$1.61 HK$1.69 HK$1.76 67
Growth Earnings
Growth-Adj P/E HK$2.23 HK$3.18 HK$4.13 68

Widest divergence: DCF Models (HK$4.08) versus Earnings-Based (HK$1.20). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) HK$2.0B
Revenue growth (YoY) +13.7%
Net margin 11.3%
Return on equity 7.2%
Free cash flow HK$369M FY2025
P/E ratio 10.7 as of Jul 2, 2026
More key figures
Operating margin -1.6%
EPS (TTM) HK$0.1300
Dividend yield 6.8%
EPS growth (YoY) +110%
Net cash HK$1.4B FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 74/100

Of which business quality 75 · Market factors (momentum, volatility) 48

Profitability 43
Margins and returns on capital today
Quality Growth 59
Are margins and returns improving?
Cashflow 81
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 91
Disciplined investing over empire-building
Low Volatility 92
Calm price path (market factor)
Momentum 32
Price trend over the last 3–12 months (market factor)
52W Momentum 25
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Cheerwin Group Limited, an investment holding company, manufactures and trades household insecticides and repellents, household cleaning, air care, personal care, pet stores and pet products, and other products in the People's Republic of China.

Full company description

Cheerwin Group Limited, an investment holding company, manufactures and trades household insecticides and repellents, household cleaning, air care, personal care, pet stores and pet products, and other products in the People's Republic of China. The company offers plastic daily cleaning products and auto accessories; pets and pet products; baby and personal care products; testing, consultation, and marketing services. It also provides its products under the Vewin, Superb, Babeking, Naughty Buddy, Naughty Mouth, Cyrin, Rikiso, Zhuazhua Cat Planet, and Mele Family brand names. The company was founded in 2006 and is headquartered in Guangzhou City, China. Cheerwin Group Limited is a subsidiary of Cheerwin Global Limited.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Cheerwin Group Ltd reported revenue of HK$2.0B in FY2025 versus HK$1.8B in FY2021, a compound +3.0%/yr. Reported net income was HK$224M in FY2025, compounding +24.8%/yr from FY2021.

Growth Quality 69/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
HK$2.0B
Latest YoY
+9.2%
Avg. growth/yr (3Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+11.3%
Avg. growth/yr (5Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+3.2%
Avg. growth/yr (8Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+5.0%
Revenue +3.0%/yr
FY21 HK$1.8B
FY22 HK$1.4B
FY23 HK$1.6B
FY24 HK$1.8B
FY25 HK$2.0B
Net income +24.8%/yr
FY21 HK$92.1M
FY22 HK$66.1M
FY23 HK$175M
FY24 HK$203M
FY25 HK$224M

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Cheerwin Group Ltd · Fair Value
HK$2.95 +33%Fair Value
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Cite: Fair Value Calculator (2026). "Cheerwin Group Ltd Fair Value". https://www.fairvalue-calculator.com/stock/6601

Peer Group

Household & Personal Products · 252 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 74 · Top 25%
Fair Value upside +33% · Above median
Return on equity (TTM) 7% · Above median
Return on assets 3% · Below median
Net margin (TTM) 11% · Top 25%
Operating margin (TTM) -2% · Bottom 25%
Revenue growth 14% · Top 25%
Dividend yield (TTM) 6.8% · Top 25%

Valuation Multiples vs Household & Personal Products median · lower = cheaper

P/E (TTM) 10.7× · Cheaper than 75% of peers
P/B 0.89× · Cheaper than median
P/S (TTM) 1.36× · Pricier than median
P/FCF 0.9× · Cheaper than median
EV/EBITDA 6.9× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 77 · sector 29
FUTURE 69 · sector 4
PAST 29 · sector 27
HEALTH 0 · sector 98
DIVIDEND 100 · sector 52

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Household & Personal Products stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
The Procter & Gamble Company PG $144.26 $108.16 -25%
Unilever PLC ULN 1,080 MXN 973.58 MXN -10%
Hindustan Unilever Limited HINDUNILVR ₹2,063 ₹789.46 -62%
Essity AB ESSITYA kr 276.50 kr 250.02 -10%
Godrej Consumer Products Limited GODREJCP ₹936.90 ₹367.64 -61%
Marico Limited MARICO ₹855.00 ₹233.05 -73%
APR Co 278470 397,000 KRW 137,521 KRW -65%
Dabur India Limited DABUR ₹411.25 ₹175.59 -57%
PT Unilever Indonesia Tbk UNVR 1,760 IDR 1,928 IDR +10%
Amorepacific Corporation 090430 135,700 KRW 84,785 KRW -38%

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Frequently asked questions

Is Cheerwin Group Ltd (6601) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$2.95 versus a price of HK$2.22, about +33% (undervalued).
What is the fair value of 6601?
Our model-based fair value for Cheerwin Group Ltd is HK$2.95 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$2.22.
What is the quality score of 6601?
Cheerwin Group Ltd has a Quality Score of 74/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Cheerwin Group Ltd (6601)?
Cheerwin Group Ltd reported trailing-twelve-month revenue of about HK$2.0B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 6601?
The net profit margin of Cheerwin Group Ltd is about 11.3%, meaning it keeps roughly 11.3% of revenue as net income. Based on the latest reported figures.
Does Cheerwin Group Ltd pay a dividend?
Cheerwin Group Ltd currently shows a dividend yield of about 6.77% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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